On Balance Volume is very bullish. Members are given some trading advice on how to approach this market at this time.
The target for upwards movement was not met, but price did move higher towards it. The target is recalculated today.
Price moved higher as the main Elliott wave count expected.
A green daily candlestick was expected for Friday, which is exactly what happened.
An upwards breakout may have come sooner than expected. The final target remains the same.
The Elliott wave count expected a continuation of a sideways correction. Price remains range bound. For the short term price was expected to move lower, which has happened.
Sideways movement was expected for Monday, which is exactly what happened.
The main hourly Elliott wave count was invalidated within the first hour of the session. Two alternate hourly wave counts remained.
Price moved overall upwards with a higher high and a higher low for the session. Upwards movement was expected.
A new low below 2,371.54 invalidated the hourly Elliott wave count and indicated a pullback has likely arrived.